This Friday, 31 January, marks the beginning of a race to conclude a trade deal done by the end of the year. The United Kingdom will officially be out of the European Union from February 1.
From Monday, February 1, the United Kingdom will no longer send representatives to Belgium to make new laws. However, the country will continue to follow 40 years of common legislation on finance and farming subsidies, until the end of 2020.
Coming to a sense of post-Brexit regulations has been the hardest part due to the Brexit impact on business, as the UK could pay fines or lose access to the European market if it goes against the terms of a future deal with the EU.
The European Commission will follow with the trade deal talks only after the UK is out of the European Union - this meeting is scheduled for February 25.
Life will carry on as normal for people, with one main change – from 11 pm, UK citizens will no longer be EU citizens.
The freedom of movement of goods, people, services and capital over borders applies until December 31 for British passport holders, as the UK will remain in the single market for the transition phase until then.
It is also important to mention that British citizens who have their Portuguese citizenship rights granted before UK’s exit from the EU, will be able to continue having them; and those who will not have rights granted before the 31st January will be able to do so during the 11 months of the transition period, having in mind that they can produce evidence of Portuguese residency at the time of Brexit, like a tax return, a property deed or an employment contract, for example.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
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